Category: Cosmetics

International Flavors & Fragrances Inc.(IFF) and Frutarom have entered into a definite agreement under which IFF will acquire Frutarom in a cash and stock transaction for approximately $7.1 billion including the assumption of Frutarom’s net debt. Unanimously approved by the Board of Directors of both companies, Frutarom’s shareholder will receive $71.19 in cash and 0.249 of a share of More …

Unilever has agreed for a €2.27 billion ($2.67 billion) acquisition of Carver Korea from Bain Capital Private Equity and Goldman Sachs. Carver Korea, originally an aesthetics company that supplies professional products to beauty salons, has had exponential growth in the last five years and high success rate through the sale of its brand, AHC. Carver’s recent sales revenue was €321m More …